BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has decided to make exposure visits to Chhattisgarh, Andhra Pradesh and Telangana to learn the best practices adopted by the neighbouring states in the timely grant of registration certificates to realty projects.The authority also decided...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has initiated the process to induct a civil engineer, who is expected to carry out extensive verification of different real estate projects to safeguard homebuyers’ interests and establish transparency.According to ORERA, the civil...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal filed by a city-based realtor and upheld an Odisha Real Estate Regulatory Authority (ORERA) order requiring the promoter to obtain the completion and occupancy certificates (OC) for its duplex project in...
BHUBANESWAR: Odisha Real Estate Appellate Tribunal (OREAT) has dismissed appeals filed by a public sector bank seeking to auction a real estate project in the city where buyers have made substantial investments.The bank had filed the appeal while challenging an earlier order of Odisha Real Estate...
BHUBANESWAR: To enhance accountability and streamline disclosures in the sector, the Odisha Real Estate Regulatory Authority (ORERA) has issued a directive under the Real Estate (Regulation and Development) Act, 2016, mandating a revised format for quarterly progress reports (QPRs) from registered...
BHUBANESWAR: The Odisha Real Estate Appellate Tribunal (OREAT) recently passed a landmark order, while referring to Shakespeare’s infamous moneylender Shylock from The Merchant of Venice, and imposed a fine of Rs 10 lakh on a real estate developer.The tribunal, hearing the appeal of the promoter of...
BHUBANESWAR: In a move aimed at streamlining governance, the Odisha Real Estate Regulatory Authority (ORERA) has initiated the process to appoint a land expert to assist in resolving complex disputes. The development comes close on the heels of the revenue and disaster management department’s...
BHUBANESWAR: Odisha Real Estate Appellate Tribunal (OREAT) has dismissed an appeal by a city-based realtor challenging the applicability of RERA Act, 2016 to one of its residential projects in Andharua.The tribunal, during a recent hearing, upheld the Odisha Real Estate Regulatory Authority’s...
BHUBANESWAR: To ensure the smooth functioning of the conciliation and dispute resolution (CDR) cell, which aids in amicable resolution of issues between homebuyers, promoters and agents, the Odisha Real Estate Regulatory Authority (ORERA) has issued a detailed guideline.The guideline defines the...
BHUBANESWAR: Odisha Real Estate Regulatory Authority (ORERA) has issued a final directive to promoters registered with it to submit the quarterly progress report (QPR) for April-June quarter, declaring the status of their projects by the end of this month.Earlier, it had asked promoters to update the data and submit the...